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|Title:||Implications of Real Option Thinking on Environmental Investments in the Context of Political Intervention|
|Citation:||Sustainability Research in the Upper Rhine Region: Concepts and Case Studies, 2019 / Hamman, P., Vuilleumier, S. (ed./s), Ch.3, pp.53-68|
|Publisher:||Press universitaires de Strasbourg|
|Publisher Place:||Strasbourg, France|
|Carmen Schiela, Simon Glöser-Chahouda, Frank Schultmanna|
|Abstract:||Real option analysis is an investment evaluation method that aims at better representing investment decisions in the framework of new institutional economics. The economic value of future options that are gained or lost by an investment decision becomes an important evaluation parameter for such decisions. Beyond a detailed quantitative analysis, the sole consideration of such options in the minds of decision-makers may influence their behavior and may cause an effect which is called real option thinking in this research. Real option thinking may have multiple positive or negative effects regarding the societal benefits of environmental investments. This research aims at providing an overview of possible implications that may result from real option thinking in the context of environmental investments. It is of use for both policy makers and industrial decision makers.|
|Rights:||© 2019 Presses universitaires de Strasbourg|
|Appears in Collections:||Business School publications|
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